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This is archive material for research purposes. Please see PDPFinder.com or MAFinder.com for current plans.

2019 Mutual of Omaha Rx Value (PDP)

Medicare Prescription Drug Plan Benefit Details in Plain Text
The following Medicare Prescription Drug plan (PDP) benefits apply to the Mutual of Omaha Rx Value (PDP) (S7126 - 056) in CMS Region 24, which includes all counties in KS.

This plan is administered by OMAHA HEALTH INSURANCE COMPANY, a national plan provider. This means that the insurance carrier offers Medicare Part D plan in most every state. To switch to a different Medicare Prescription Drug plan or to change your location, click here.
Click here to see the Mutual of Omaha Rx Value (PDP) prescription drug benefit details in chart format or email and view benefits chart

Plan Premium
The Mutual of Omaha Rx Value (PDP) has a monthly premium of $29.40. That is $352.80 for 12 months. There are a few factors that can increase or decrease this premium. If you qualify for full or partial extra help, your premium will be lower. If you have a premium penalty, your premium will be higher. Or if you have a higher income you would be subject to the Income Related Adjustment Amount (IRMAA).

Plan Membership
The Mutual of Omaha Rx Value (PDP) (S7126 - 056) in CMS Region 24 currently has 741 members, and 36,540 members in the Mutual of Omaha Rx Value (PDP) nationwide.

Prescription Drug Coverage: Deductible, Cost-sharing, Formulary
This plan has a $415 deductible. However, formulary drugs on Tier 1 and 2 are excluded from the $415 deductible and have first dollar coverage (or a $0 deductible). So, you are 100% responsible for the first $415 in medication costs for drugs not on the excluded tiers. After you have met the deductible, the Mutual of Omaha Rx Value (PDP) will share the costs of your medications with you -- see cost-sharing below. $415 is the maximum deductible for 2019. There are other plans with a lower deductible or even a $0 deductible for all formulary drugs. Click here to review plans with a $0 deductible.

The following information is about the Mutual of Omaha Rx Value (PDP) formulary (or drug list). There are 2906 drugs on the Mutual of Omaha Rx Value (PDP) formulary.

The Mutual of Omaha Rx Value (PDP) does offer a mail order service.

Click here to browse the Mutual of Omaha Rx Value (PDP) Formulary.
 
The Initial Coverage Phase (ICP) can be thought of as the cost-sharing phase of the plan. During this phase, you and the insurance company share your prescription costs. Once you have spent $415, your initial coverage phase will start. All medication are divided into tiers within the plans formulary. This helps the plan to organize and manage the prescription cost-sharing. The Mutual of Omaha Rx Value (PDP)’s formulary is divided into 5 tiers. Every plan can name their tiers differently, and can place medications on any tier. The cost-sharing for this plan is divided as follows:
  • Tier 1 (Preferred Generic) contains 101 drugs and has a co-payment of $1.00.
  • Tier 2 (Generic) contains 809 drugs and has a co-payment of $4.00.
  • Tier 3 (Preferred Brand) contains 639 drugs and has a co-insurance of 15% of the drug cost.
  • Tier 4 (Non-Preferred Drug) contains 898 drugs and has a co-insurance of 35% of the drug cost.
  • Tier 5 (Specialty Tier) contains 459 drugs and has a co-insurance of 25% of the drug cost.
    •  
Click here to browse the Mutual of Omaha Rx Value (PDP) Formulary.

The Mutual of Omaha Rx Value (PDP)’s Initial Coverage Limit is $3,820. When this limit is reached, you exit the Initial Coverage Phase and enter the Coverage Gap (or Donut Hole).

The Coverage Gap, which is also known as the Donut (Doughnut) Hole is the phase of your Medicare Part D plan where you are responsible for 100% of your medication costs. Healthcare Reform mandates that the insurance carrier pay 63% of your generic drug prescription costs in the donut hole on your behalf.

The brand-name drug manufacturer will pay 70% and your plan will pay an additional 5% of the cost of your brand-name drugs purchased in the Donut Hole, for a total of 75% discount. The 70% paid by the brand-name drug manufacturer is paid on your behalf and therefore counts toward your TrOOP (or True Out-of-Pocket) costs. The portion paid by your plan, does not count toward TrOOP. Some Medicare Part D plans offer coverage during the Coverage Gap that is beyond the mandated discounts. Any drug not covered by the plan’s Gap Coverage will still receive the discounts noted above -- even if the plan has "No Gap Coverage". This plan (Mutual of Omaha Rx Value (PDP)) offers No Coverage during the Coverage Gap phase.





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  • If you are enrolled in a Medicare plan with Part D prescription drug coverage, you may be eligible for financial Extra Help to assist with the payment of your prescription drug premiums and drug purchases. To see if you qualify for Extra Help, call: 1-800-MEDICARE (1-800-633-4227). TTY users should call 1-877-486-2048, 24 hours a day/ 7 days a week or consult www.medicare.gov; the Social Security Office at 1-800-772-1213 between 7 a.m. and 7 p.m., Monday through Friday. TTY users should call, 1-800-325-0778; or your state Medicaid Office.
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